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| Michael Palmeri |
NEW YORK, NY – (March 31, 2014) - Loews Hotels &
Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L), today announced
the promotion of Michael Palmeri to Senior Vice President, Acquisitions
and Development, who will assume responsibility for leading the company’s
property acquisitions, real estate development and capital raising.
Palmeri, who joined
Loews Hotels & Resorts in 2011, has played an instrumental role in growing
the company and expanding the Loews brand.
Loews recently acquired hotels in Los Angeles, Washington,
D.C. and Boston and today opens hotel four in Orlando, Universal’s Cabana Bay
Beach Resort, a joint venture with NBC Universal.
Additionally the company is developing a hotel in Chicago,
which is scheduled to open in early 2015.
He also plays a key role in managing new capital partners and raising
equity for deals.
Like Loews Hotels & Resorts on Facebook: www.facebook.com/LoewsHotels
Follow Loews Hotels & Resorts on Twitter: www.twitter.com/loews_hotels
Watch Loews Hotels & Resorts on YouTube: www.youtube.com/LoewsHotels
For a complete copy of the company’s news release, please
contact:
Sarah Murov
(212) 521-2495
Chris Daly
(703) 435-6293
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